5 WAYS TO SUPPORT WOMEN ENTREPRENEURS

An image of a woman entrepreneur selling fruits and vegetables outside.

According to the non-profit organization Women’s Entrepreneurship Fund, as many as 70% of women-owned small and medium-sized enterprises in developing countries are unserved or underserved by financial institutions.

It is crucial to a country’s development to allow women to contribute to the household and bring income into the home.

Promoting women entrepreneurship advances gender equality, escape from sex trafficking and changes the lives of children orphaned by the HIV/AIDS epidemic.

Wives who are in an abusive relationship, starting a small business gives these women the courage to say, “no more” to violence in the home and move their children to a safe area.

Finding Inner Peace and Strength

Entrepreneurship helps bring communities out of poverty and increase the quality of life for all. Stronger family bonds are created from increased income.

Following the Rwandan genocide in 1994, 70% of the population were women. Most were widowed through genocide.

To support themselves and their families, some of whom are HIV positive, these brave women weave baskets and sell them through Fair Winds Trading.

100% of profits provide clean water and education - Three Avocados

The craft of weaving colorful baskets by hand has brought Hutu and Tutsi women together and peace to their communities, heal from the trauma of murder and rape experienced during the genocide on both sides.

Rwanda’s “peace baskets” allow mothers to provide for their children’s future such as food, healthcare, pay school fees, and housing.

Bringing home a steady income reduces the stress of domestic life, domestic abuse, and increased respect for their wives from the sale of baskets.

5 Ways to Encourage Entrepreneurship

Charity begins at home, invest in her. Lenders all over the world make it possible for non-profit organizations to continue to transform lives globally hence improving living standards for women while improving humanity.

1. Kiva

For as little as $25, you help women invest in the next generation, health and education, and reduce poverty in 83 different countries. 100% of every dollar you lend on Kiva goes to funding loans.

2. Free the Girls

By donating bras to this non-profit organization, you are empowering survivors of human trafficking to become entrepreneurs by selling bras in second-hand markets throughout their community.

3. SCORE

Share your expertise in areas of marketing, social media, finance, and legal by volunteering to be a mentor for a future small business owner. Helping a prospective business owner to write a business plan increases the likelihood of the business succeeding.

4. United Prosperity

Become a social lender and provide a microloan to a woman entrepreneur to grow or start a small business. As the microloan gets paid back, why not repurpose to funds to help support another entrepreneur.

5. Empower Fellow Women Business Owners

As a woman entrepreneur, empowering fellow women business owners by sharing insights into the day to day stresses of running a business is invaluable.

Providing feedback to another woman business owner can prepare her for the roadblocks ahead and set her up for success on how to overcome them successfully.

If you are looking for other ways to support global citizenship, check out my post, 6 Small Acts That Can Change the World for more ideas on how to contribute and support the growth of female entrepreneurs.

10 SAVVY FACTORS MOTIVATING AN EMPLOYEE TO BECOME AN ENTREPRENEUR

An image of a male entrepreneur laying on the cement ground.

Pursuing a path from employee to entrepreneur is risky, yet rewarding at the same time. You report to yourself, set your own schedule, and choose which tasks and projects to pursue.

If you are married, taking care of an elderly parent, or a child with special needs, balancing work and family life can add to the stress of pursuing the dream of becoming an entrepreneur.

The opportunity to inspire others to pursue their passion that contributes to job creation in communities and improving neighborhoods was enough for me to want to jump in with both feet along with being able to help women improve their quality of life financially.

You can expect roadblocks of obtaining financing to fund the identified passion, trying something new and failing, and sleepless nights during the initial start-up phase.

I am not trying to deter you from your dream, but let’s be real here.

There is no such thing as a free lunch. The thrill and satisfaction of building and nurturing your pet project an seeing it succeeding after all the blood, sweat, and tears is worth the challenge right?

When you know you are ready to go from employee to entrepreneur

  • You dream of being your own boss.
  • You find yourself during a business meeting at your job saying to yourself, “I can do it better.”
  • You are tired of the 9 to 5 lifestyle and find becoming a digital nomad interesting.
  • You want to spend more time with your family.
  • You are tired of watching your boss spend all day rearranging his/her office and dumping projects on you at the last minute.
  • You are tired of your boss’s micromanaging behavior and taking credit for all your hard work.
  • You are experiencing cubical farm burnout.
  • The daily cost of commuting to work, traffic delays, and hours spent on the road are taking a toll on your health.
  • You know what kind of business you want to start and can’t stop thinking about it. In fact, it makes you giddy about the possibility.
  • You want to invest in your community and give back to others by starting or supporting a charity.

Small Business Resources

Getting started on your dream job isn’t as complicated as one might think.

There are a lot of resources out there for small businesses that can help you with reducing start-up costs.

Non-profit organizations SCORE, KIVA, and the Small Business Association (SBA) have expert volunteers who have lived it and survived another day to share their best tips with you at no financial cost except time.

SCORE has volunteers who are small business owners that you can request to sit down with to discuss ways to grow your business at no cost to you along with free online courses and workshops about ways to finance your start-up, social media marketing, taxes, business entities, etc.

A business plan is one way of documenting your dream job and celebrating milestones along the way.

The SBA site has a free business plan template for download. Another benefit of utilizing a business plan is to budget for start up costs

If you’re a female, there are a plethora of financial resources and small business mentorship through several non-profit organizations that support and promote female entrepreneurship.

Providing feedback to another woman business owner can prepare her for the roadblocks ahead and provide tools on how to overcome adversity from past experiences by fellow small business owners.

Wouldn’t it be easier just to stick with the job you hate and continue to live paycheck to paycheck?

No, but taking the leap without fear and reaping the rewards of personal freedom sounds more fun!

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